Overview: This page contains the latest trade data of Rubber Tires. In 2019, Rubber Tires were the world's 33rd most traded product, with a total trade of $80.8B. Between 2018 and 2019 the exports of Rubber Tires decreased by -0.96%, from $81.6B to $80.8B. Trade in Rubber Tires represent 0.45% of total world trade.
Exports: In 2019 the top exporters of Rubber Tires were China ($14.6B), Thailand ($5.8B), Germany ($5.61B), Japan ($5.43B), and United States ($4.93B).
Imports: In 2019 the top importers of Rubber Tires were United States ($14.3B), Germany ($6.63B), France ($3.67B), Canada ($2.99B), and Mexico ($2.92B).
Tariffs: In 2018 the average tariff for Rubber Tires was 10.4%, making it the 407th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Rubber Tires are Maldives (36.2%), Bermuda (35%), Sudan (35%), Cape Verde (27.9%), and Sri Lanka (26.2%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Singapore (0%), and Switzerland (0%).
Ranking: Rubber Tires ranks 427th in the Product Complexity Index (PCI).
Description: Pneumatic tires are used in a variety of vehicles, including cars, trucks, buses, and forklifts. They provide traction on a variety of surfaces, help reduce the chance of hydroplaning, and have a lower rolling resistance than solid rubber tires.